@kunalb11 Maybe the most effective method that didn't make the list: 'Never buy things on impulse. Stop. Come back again after a week. If you still feel like buying, buy'. Can filter buyers guilt 99% by following this rule IMO.
This week I discuss why product is the ultimate leverage for every entrepreneur and why product as a form of leverage is more powerful than traditional forms, ie labor and capital.
Episode 5 on 'product leverage' and how it is useful in wealth creation. Thanks @naval for being a source of the concepts on product based permission-less leverage.
https://t.co/k7gPoEPELo
Its a Monday & week 4 of our wealth series. In this episode, I discuss a term that is usually used in world of finance - 'Leverage'. 'Leverage' is one of the first principles that can be applied in every walk of life - health, wealth, relationships etc.
https://t.co/9KbSX4J9DS
Here is Episode 3 of Wealth Creation series - in this I discuss how to build specific knowledge for wealth creation. Referred to the brilliant ideas of @naval#MihalyCsikszentmihalyi and @DanielPink for this one.
https://t.co/X6pD7vrHR2
In Episode 2, I talk about specific knowledge and why it is so important for wealth creation. I also compare specific knowledge with skill/talent and highlight why talent is so overrated in our society.
https://t.co/30K8eC7Nb0
Our 'factory of life' churns out all good things in life such as health, success & relationships. This factory needs one core raw material - TIME. Wealth is the maintenance that ensures machines in this factory efficiently process TIME. Read more https://t.co/Zjk6Q5cDEs
Launched my youtube channel yesterday. Publishing one video a week on my life lessons as an entrepreneur in sales, human behavior and wealth creation. Major commitment I picked up for next 10 yrs ๐
"I know you believe you understand what you think I said, but I am not sure you realize that what you heard is not what I meant" - Alan Greenspan. ๐. I am sure most economists secretly relate to this.
You know the limitations of your intellect when you realise that it took a decade to understand that existence of happiness is not conditional on an event or person or milestone. It was there always - I just chose to look elsewhere and wasn't even aware of that choice.
Probably the first Padma away to a new age entrepreneur. @svembu has truly inspired a generation of young entrepreneurs by living the philosophy of ' you can make it big and do good at the same time'. Hearty congratulations.
On the Padma Shree award, it is a huge honor and I feel humbled. I dedicate this to our employees, my extended family, for keeping the faith.
I want to thank friends and well-wishers for all your messages that have poured in. Your support keeps me going. ๐๐๐
@dkagarwal@SharmaShradha Not worth it IMO. You can't throw burning coal at someone without hurting yourself in some way. Best is to ignore and don't do any txns with them for life.
Material progress doesnโt make us happier. If it did, the ancients must have been a miserable bunch.
Instead we compete for status, an older, zero-sum game.
We donโt want things, we want to be things.*
A rational person recounts their blessings and rejects societyโs games.
Itโs ignored because it sounds trite.
Itโs ignored because people have heard it a thousand times before.
Itโs ignored because itโs not as sexy as money or success or fame.
But occasionally life reminds you what really matters it is to be a kind, gracious, generous person.
@ankoors Agree completely. If VCs are bad for your business, go for other sources of capital. Taking money from high risk asset class investors and then complaining about the way they do business makes zero sense. Entrepreneur also needs to educate himself better on VC business model